India’s benchmark index fell more than 1% on January 25, with the Nifty index closing below 17,900, amid a sell-off across sectors, especially power, oil and gas and financials.

After a poor start, the market continued to sell off as the session wore on, with the index hitting a one-week low and the Nifty topping 17,900 intraday but recovering from the day’s lows.

At the close, the Sensex was down 773.69 points or 1.27% at 60,205.06, and the Nifty was down 226.30 points or 1.25% at 17,892.

Adani Ports, SBI, IndusInd Bank, HDFC Bank and Cipla were the biggest losers from the Nifty, while the winners were Hindalco Industries, Maruti Suzuki, Bajaj Auto, HUL and Tata Steel.

Sector-wise, the Nifty Bank index fell 2.5%, the Nifty PSU Banks index fell 3.5%, and the Nifty Energy index fell 2%. In contrast, the Nifty Infrastructure, Information Technology and Pharmaceuticals indexes all fell more than 1%.

On the BSE, the banking, power and real estate indices fell 2% each, while the information technology, capital goods, healthcare and oil and gas indices fell 1-1.7%.

Laurus Labs, Jindal Poly Films, Bodal Chemicals, Sintex Industries, Bal Pharma, and Biocon hit 52-week lows on BSE.

Among individual stocks, volumes of Indus Towers, Ambuja Cements and PVR soared more than 100%.

Indiabulls Housing Finance, Indus Towers and Atul all posted short gains. Shares of Persistent Systems, Hindustan Copper and Coforge are long-term winners.